- NFT Marketplace OpenSea Faced huge surge in trading volume
- OpenSea has accumulated $1.22 billion in trading volume.
- August 14 was OpenSea’s great day till now.
In a recent week, an Ethereum-based marketplace for NFT crypto-collectibles, OpenSea has faced a huge surge in activity. According to data from an analytics firm DappRadar, OpenSea has accumulated $1.22 billion in trading volume over the past 30 days alone.
Accordingly, that’s a staggering 950% month-over-month raise for the marketplace, reflecting the sudden boost in activity from NFT collectors in recent weeks.
Moreover, the recent surge of OpenSea’s especially in the last two weeks. OpenSea’s has logged over $800 million in trading volume just since the starting of this month.
According to the data from DappRadar’s, August 14 was OpenSea’s great day till now, with over $75 million in daily volume of nearly 80,000 transactions performed by just under 25,000 users. On July 15, OpenSea had $12.6 million in daily volume based on nearly 23,000 transactions from 7,300 users.
Furthermore, the NFT market blew up earlier this year, with $2.5 billion in total transaction volume in the marketplace for the first six months of 2021.
Devin Finzer, the CEO OpenSea has recently tweeted, in last year the marketplace had just $21 million in total transactions. But now the marketplace has over tripled that sum in a single day during the recent raise in NFT demand. Recently, OpenSea has raised $100million in a fund round. Which was led by Andreesen Horowitz, valuing the startup at $1.5 billion.
In 2020, OpenSea did about $21M in total transaction volume.
— Devin Finzer (dfinzer.eth) (@dfinzer) August 2, 2021
In the last two days, we did $95M.
The growth curve for NFTs is insane.
The popular projects like CryptoPunks, Bored Apes, and Meebits trading volume has dropped last week in comparison to the previous frame.